India’s Shree Renuka to attempt sale of Brazil sugar mills again.
India govt measures to boost exports fail to lift spot prices.
India govt measures to boost exports fail to lift spot prices.
Centre-south Brazil Mar 1-15 sugar output 47,000 tn, down 35.5% YoY.
Centre-south Brazil Mar 1-15 sugar output 47,000 tn, down 35.5% YoY.
From Balrampur Chini to Shree Renuka, sugar stock may remain under pressure.
From Balrampur Chini to Shree Renuka, sugar stock may remain under pressure.
Sugar production in Maharashtra is set for a new record for crushing season.
Sugar production in Maharashtra is set for a new record for crushing season.
Wheat imports to dip slightly in South Africa.
Wheat imports to dip slightly in South Africa.
Canadian spring wheat bids drop with large U.S. acreage ideas.
Canadian spring wheat bids drop with large U.S. acreage ideas.
Wheat firms as USDA reports crop damage after recent dry weather.
Wheat firms as USDA reports crop damage after recent dry weather.
Procurement of wheat at support price in Ujjain.
Procurement of wheat at support price in Ujjain.
NCDEX coriander hits 3% upper limit as demand rises
Futures contracts of coriander hit the 3% initial upper circuit on the NCDEX tracking gains in spot market. The most active April contract of coriander on NCDEX was up 3.6% from the previous close.
Turkey stepped up Ukrainian barley imports by 26%
Ukrainian exporters supplied 4.01 MMT of barley to foreign markets in the first eight months of the current marketing year that is 14% less than at the same time last season (4.67 MMT in July-February 2016/17). February barley exports were 53% less than in the previous month and down 67% on the year (201.9 KMT was shipped abroad in February 2017). The top importers of Ukrainian barley included Saudi Arabia, China, the European Union and Libya. The share of Turkey continues growing. Ukraine supplied over 167 KMT of barley to this market at the time, i.e. 26% more than for the entire last season.
Saudi Arabia buys 1 million mt of barley, pays 2.4% more
Saudi Arabia’s state grain buyer SAGO bought 1.02 million mt of barley at tender, paying 2.4% more than at its previous tender five weeks ago. SAGO paid an average $249.23/mt for seventeen 60,000 mt cargoes to be delivered into ports on the Red Sea and Gulf between mid-May and the end of June. The price paid shows the rally in global barley prices of late on the back of tightening supply, with SAGO paying an average $243.47/mt CFR for 960,000 mt at its previous tender in mid-February. With prices ranging from $238.47-$257.47/mt.
Barley up in Jaipur on demand from feed sector
Prices of barley rose in Jaipur, Rajasthan, owing to improved demand from poultry feed industries and domestic stockists. A fall in arrivals further supported prices.
Tur prices rise in Akola as demand up post holidays
Prices of tur rose in Akola, the benchmark market, due to improved demand as markets reopened after four days, and tracking gains in chana.
Philippine Soybean meal imports seen rising by 5.45% this year 2.9 MMT
Philippine soybean meal (SBM) imports this year would go up by 5.45 percent to a record-high of 2.9 million metric tons (MMT) due to the continuous expansion of the livestock and poultry sectors. Driven by strong feed demand from the expanding domestic hog and poultry industries, SBM imports are forecast to reach a record 2.9 million tons in marketing year [MY] 18/19.
USA wants China not to impose customs tariffs on soybean imports
Chinese restrictions on imports of soybean from the United States will harm the Chinese people more than US producers. Imposition of China duties on soybean import would cause an annual economic loss for the US between 1.7 billion USD and 3.3 billion USD. China buys nearly 60% of soy products that are traded globally, with over 30% of soybean imports coming from the United States.
Fall in arrival lifts mustard seed prices in Jaipur
Prices of mustard seed rose in Jaipur due to a fall in arrivals coupled with improved demand from domestic stockists and oil millers. Supply of the commodity fell as farmers withheld their produce on expectations of a further rise in prices in the coming days.
NCDEX soybean at 1-mo high tracking CBOT
Futures contracts of soybean on NCDEX rose around 3% and hit a one-month high of 3,880 rupees per 100 kg, tracking gains in parent contracts on CBOT. Soybean contracts on CBOT rose over 1% on expectation of lower acreage under the crop in coming season. Prices of the oilseed were also up in the benchmark market of Indore, Madhya Pradesh.
Chana up in Delhi on demand from dal millers
Prices of chana were up in Delhi because of demand from dal millers and procurement of the pulse by the government in Madhya Pradesh. Bulk buying by the stockists at lower rates is seen supporting prices. The most active April futures of chana on the NCDEX were up 1%.